Penta Security beta testing biometrics-enabled cryptocurrency wallet

Penta Security announced a new line of cryptocurrency hardware wallets with enhanced security by way of secure key lifecycle, encryption, and biometric authentication. Closed beta testing is due to finish in June of this year.

The cryptocurrency wallets will come in two physical form factors: a card type and a device type. The device type will feature a display and be a stand-alone model embedded with all security features for a secure cryptocurrency environment and will be capable of carrying out the entire cryptocurrency process from key generation to transaction. There will be several variations of the device in order to meet the differing demands of the users.

The card type will feature advanced secure key storage and offer multiple authentication features. It will work in conjunction with the company’s wallet management mobile application to maintain authentication security throughout the key management and transaction process.

According to the announcement, both card and device types will be compatible with the majority of cryptocurrencies on the market and have capabilities to support both Bluetooth and NFC technologies. The wallets will use PIN and biometric authentication to defend against cyber-physical threats.

“Penta Security’s cryptocurrency wallet is a comprehensive solution designed by a company that has had decades of security experience and research,” said Chief Strategy Officer of Penta Security Systems, DS Kim. “It’s not only designed for cryptocurrency transactions, but also to meet current and future blockchain protocol security standards.”